Those of you who were using Clearstation got the same rude surprise I got this morning with the discovery that E-Trade closed it down over the weekend. Not a great loss, as anything you could do in Clearstation could be done better with Finviz, but the message boards on Clearstation were a pretty good source of ideas. I never can figure out why one company buys another company, pnly to shut it down. Now lets hope they don't buy Finviz. The market is breaking more support this morning, and I am trying to find the next support level, which I have tentatively at 1294. I don't know what triggered the avalanche, but European markets are down as well, so it probably has something to do with Europe. Among the sectors the leaders are XLK and XLU, the laggards are XLE and XLF. The Nasdaq is about even, the Russell 2000 is lagging. Oil, gold, and treasury yields are all down.
I have 38 new highs, with no breakouts that I can see. I have one stocks from the relative strength list reporting this morning, GCI, which is down 7%.
